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Analyst Report

and Media Coverage

03 March 2026 – Analyst Report

2025: Earnings Below Expectations; Expects Support From 4% Yield

Rating: HOLD
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

27 November 2025 – Analyst Report

A trip down chemical lane

Rating: NON RATED
By CGS-International
Analyst(s): TAN Jie Hui, LIM Siew Khee

21 November 2025 – Analyst Report

3Q25: Earnings in Line; Dividend Policy Sparks Re-Rating

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo

09 November 2025 – Media Coverage

Charity, Rewards, and Tyres: The Story Behind China Sunsine Chairman’s Stake Sale

By NextInsight

05 November 2025 – Analyst Report

Highlights on China Sunsine

By LIM & TAN SECURITIES

04 November 2025 – Analyst Report

Strong Institutional Investor Interest In Share Sale

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo

22 August 2025 – Media Coverage

This Stock’s Long-Awaited Re-Rating Is Happening, +69% year to date

By NextInsight

18 August 2025 – Analyst Report

1H25: Earnings Stretch As Rubber Capacity Expands; Raise Target Price by 19%

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

28 May 2025 – Analyst Report

Holding Steady Amid Pricing Pressure

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

27 April 2025 – Media Coverage

This Company Has Paid a Ton of Dividends, But Its Growing Cash Pile Sparks Debate

By NextInsight

19 April 2025 – Media Coverage

Veteran Boss Expects His Company to be Resilient in the Face of “Intense Competition”

By NextInsight
Written by Leong Chan Teik

10 April 2025 – Analyst Report

Retail Investors’ Webinar Highlights

Rating: OVERWEIGHT (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

27 March 2025 – Media Coverage

Analysts Grow More Bullish on This Cash-Rich Company Trading at 1.4x Ex-Cash PE

by NextInsight

26 March 2025 – Analyst Report

Expect Volumes And Overseas Sales To Drive Growth; Raise Target Price By 9%

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

15 March 2025 – Media Coverage

On 18-year journey Since IPO, One Company Grows A Cash Mountain. Stock Trades … at 1 X PE ex-cash!

by NextInsight

24 February 2025 – Analyst Report

Small Mid Cap – Singapore

Rating: Overweight
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

14 November 2024 – Analyst Report

Expecting firm profit spreads in 4Q24F

Rating: ADD (no change)
By CGS-International
Analyst(s): Kenneth TAN, ONG Khang Chuen

07 October 2024 – Analyst Report

Safe Proxy To China And Oil Price Recovery With Good Yield; Raise Target Price By 26%

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

13 September 2024 – Media Coverage

Here’s a deep dive into a consistently profitable company that currently trades at ex-cash PE of 1

by NextInsight

21 August 2024 – Media Coverage

This company’s cash is 90% of market cap, trades at 1X ex-cash PE. Why?

by NextInsight

19 August 2024 – Analyst Report

1H24: Operationally healthy

by NextInsight

21 August 2024 – Media Coverage

This company’s cash is 90% of market cap, trades at 1X ex-cash PE. Why?

Rating: ADD (no change)
By CGS-International
Analyst(s): Kenneth TAN, ONG Khang Chuen

27 June 2024 – Media Coverage

徐承秋:带领企业从『盐碱地』走向全球

by 中国橡胶杂志

7 May 2024 – Analyst Report

Healthy spreads and volume growth

Rating: ADD (no change)
By CGS-International
Analyst(s): Kenneth TAN, ONG Khang Chuen

6 March 2024 – Analyst Report

Spreads holding up well for now

Rating: ADD (no change)
By CGS-International
Analyst(s): Kenneth TAN, ONG Khang Chuen

14 December 2023 – Analyst Report

Compressed Margins Amid Intensified Competition

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

23 November 2023 – Analyst Report

Rubber Chemicals Sales Hit Record Highs with Active Capacity Expansion
橡胶助剂销量大幅增长,公司积极进行产能扩张

Rating: OUTPERFORM (优于大市)
By HAITONG (海通國際)
Analyst(s): Huaichao Zhuang 庄怀超

16 November 2023 – Analyst Report

Record sales volumes, but weaker margins

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Kenneth TAN

21 September 2023 – Analyst Report

Strong ASPs could point to a better 2H23F

Rating: ADD (previously HOLD)
By CGS-CIMB
Analyst(s): Kenneth TAN

28 August 2023 – Media Coverage

CHINA SUNSINE: It’s more resilient than even some analysts assume?

by NextInsight

17 August 2023 – Analyst Report

Market competition remains intense

Rating: HOLD (no change)
By CGS-CIMB
Analyst(s): ONG Khang Chuen

16 May 2023 – Analyst Report

20 Jewels 2023 Edition

By RHB

28 April 2023 – Analyst Report

Price competition heating up

Rating: HOLD (previously ADD)
By CGS-CIMB
Analyst(s): ONG Khang Chuen

30 March 2023 – Analyst Report

2H22: Results in Line With Expectations; Stronger Performance Forecast

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

1 March 2023 – Analyst Report

Higher dividend payout a positive surprise

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

08 December 2022 – Analyst Report

Cautious Outlook As ASPs Trend Downwards

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Heidi Mo, John Cheong

15 November 2022 – Analyst Report

Weaker demand likely to compress margins

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

15 August 2022 – Analyst Report

A record half despite a challenging backdrop

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

25 February 2022 – Analyst Report

2H21: Results Beat On Higher-than-expected ASPs

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Clement Ho

24 February 2022 – Analyst Report

Ending the year on a high note

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

30 October 2021 – Analyst Report

ASP Uptrend Points to a Stronger 4Q21F

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

30 September 2021 – Analyst Report

Positive ASP Trends To Drive Strong Earnings Growth

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Clement Ho

16 September 2021 – Analyst Report

Strong fundamentals to buffer upcoming price tailwinds

Rating: OUTPERFORM (Maintained)
By KGI Securities (Singapore)
Analyst(s): Chen Guangzhi

24 August 2021 – Analyst Report

Higher than expected ASPs drive operating leverage

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Clement Ho

17 August 2021 – Analyst Report

Solid execution

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

21 May 2021 – Analyst Report

Halfway towards peak

Rating: OUTPERFORM (Maintained)
By KGI Securities (Singapore)
Written by: Chen Guangzhi

30 April 2021 – Analyst Report

Strong start to 2021

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen, Kenneth Tan

12 April 2021 – Analyst Report

Rubber Accelerators’ ASP Remains Elevated Due To High Demand

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Clement Ho

26 February 2021 – Analyst Report

Riding the upturn

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

26 February 2021 – Analyst Report

2H20: Profitability Ramping Up From Increased Capacity

Rating: BUY (Maintained)
By UOBKayHian
Analyst(s): Clement Ho

17 November 2020 – Analyst Report

ASP uptrend points to a stronger 4Q20F

Rating: ADD (no change)
By CGS-CIMB
Analyst(s): Ong Khang Chuen

21 April 2020 – Analyst Report

10 in 10 with China Sunsine

By Singapore Exchange (SGX)

12 November 2019 – Analyst Report

Bargain hunting

Rating: OUTPERFORM (Maintained)
By KGI Securities (Singapore)
Written by: Chen Guangzhi

08 August 2019 – Analyst Report

Potential Growth from Pipeline Projects

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

03 May 2019 – Analyst Report

China Sunsine Chemical Holdings Ltd – Soft sunshine

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

02 May 2019 – Analyst Report

Maybank Kim Eng Market Insight

by Maybank Kim Eng Research
Analyst: Kareen Chan

20 Apr 2019 – Media Coverage

CHINA SUNSINE: How it has risen to the top — and what’s ahead

by NextInsight
Written by: Portuser

17 April 2019 – Media Coverage

CHINA SUNSINE: Trades at only 6X FY19E earnings, half of industry average

by NextInsight
Analyst: Kareen Chan (Maybank Kim Eng)

16 April 2019 – Analyst Report

Scaling up to meet insatiablerubber chemicals demand

by Maybank Kim Eng Research
Analyst: Kareen Chan

07 March 2019 – Analyst Report

Taking advantage of opportunities amid short-term challenges

Rating: Not Rated
By KGI Securities (Singapore)
Written by: Joel Ng

04 March 2019 – Analyst Report

China Sunsine Chemical Holdings Ltd – Focus on volume growth

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

01 March 2019 – Analyst Report

China Sunsine Chemical Holdings Ltd – Not looking exciting with ASP trending lower

Rating: HOLD (previously ADD)
By CGS-CIMB
Written by: Colin Tan

07 January 2019 – Media Coverage

PHILLIP SECURITIES: Our 10 absolute return picks for 2019

by NextInsight
Analyst: Chen Guangzhi

09 November 2018 – Analyst Report

China Sunsine Chemical Holdings Ltd – Still healthy performance

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

14 August 2018 – Media Coverage

CHINA SUNSINE: Phillips Securities has more positive take than CGS-CIMB

by NextInsight
Analyst: Chen Guangzhi

13 August 2018 – Analyst Report

Aim for the long-term prosperity

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

12 August 2018 – Media Coverage

CHINA SUNSINE: Stock price fell after record 2Q earnings! Justified?

by NextInsight
Written by: Portuser

10 August 2018 – Media Coverage

CHINA SUNSINE: “Shares grossly oversold,” says Maybank KE

by NextInsight
Report by: Maybank KE Retail Research

08 August 2018 – Analyst Report

Record 2Q18; but marred by declining ASPs

Rating: HOLD (previously ADD)
By PBy CGS-CIMB
Written by: Colin Tan

26 July 2018 – Analyst Report

Expecting another set of stellar results

Rating: ADD (no change)
By CGS-CIMB
Written by: Colin Tan

11 July 2018 – Media Coverage

China Sunsine : Affected by US-China trade war?

by NextInsight
Written by: Portuser

30 Jun 2018 – Media Coverage

China Sunsine Chemical: Ride Steady Tyre Demand
SGX’s Kopi-C: The Company Brew Series on 22 June 2018
中文版

Republished in NextInsight on 30 June 2018
Written by: Jennifer Tan

29 Jun 2018 – Analyst Report

Company Note-Plunge in raw material costs

Rating: ADD (no change)
By CGS-CIMB
Written by: Colin Tan

30 Apr 2018 – Analyst Report

An incredible start for the year

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

26 Apr 2018 – Analyst Report

Another sizzling set of quarterly results

Rating: BUY (Maintained)
By CGS-CIMB
Written by: Colin Tan

25 Apr 2018 – Analyst Report

Now a high-tech enterprise with lower tax rate

Rating: BUY (Maintained)
By CIMB
Written by: Colin Tan

05 Mar 2018 – Analyst Report

What an outstanding year

Rating: BUY (Maintained)
By Phillip Securities Research
Written by: Chen Guangzhi

02 Feb 2018 – Media Coverage

China Sunsine — Price up 20.8% since we bought two weeks ago and we bought more

By The Edge Singapore
Written by: Tong Kooi Ong

29 Jan 2018 – Analyst Report

Catch a right time to expand production

Rating: BUY (Initiation)
By Phillip Securities Research
Written by: Chen Guangzhi

19 Jan 2018 – Analyst Report

Rubber chemicals specialist

Rating: BUY (Maintained)
By CIMB
Written by: Colin Tan